85 Broadway APT 2EJersey CityNJ07306
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Jersey City at 85 Broadway APT 2E, Jersey City, NJ, 07306 priced at $359,000 pairs $3,010/mo rent with $451/mo cash flow after a $1,757/mo payment. Total monthly income equals $3,010/mo, and annual cash flow comes to $5,415/yr on $119,009 invested. Return on cash invested is 24.46% in year one, and rental yield stands at 10.06% on a $359,000 basis. Equity gained on principal adds $2,317/yr, and 5% annual appreciation accumulates to $99,185 by year five. Five-year ROI measures 128.49% and total cumulative return in cash reaches $152,911. For financing, Ziffy Mortgage’s DSCR program evaluates $3,010/mo property income against a $1,757/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07306, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,781 (100%) |
| Owner Occupied HU | 5,055 (17.6%) |
| Renter Occupied HU | 19,877 (69.1%) |
| Vacant Housing Units | 3,849 (13.4%) |
| Median Home Value | $612,577 |
| Average Home Value | $651,621 |
Housing Distribution
Address Breakdown
Residential
24,144
Single Family
9,038
Multi-Family
15,106
Businesses
1,831
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Listed by: GAIL E SPINELLI • LIBERTY REALTY LLC
Mls Name: HCMLS
Mls ID: #250014427